BTC/USDT Chart Analysis & Trading Recommendations

- **Last Price**: $103,863.80 (+0.44%)

- **24-Hour Range**: $102,762.9 (Low) - $104,949.2 (High)

- **24-Hour Volume**: 155,988 BTC (16.19B USDT), indicating high liquidity.

Indicators & Key Levels

- **EMA(50)**: 103,540.2 → **Dynamic support**. The current price is above EMA-50, indicating a short-term trend is still bullish.

- **EMA(200)**: 101,571.4 → **Strong long-term support**. If the price approaches this level, it could be an accumulation area.

- **Mark Price**: 103,868.8 (almost the same as the last price), showing slight buying pressure.

Resistance & Support

- **Resistance**: 24-hour High ($104,949.2) and psychological level $105,000.

- **Support**:

- Soon: EMA-50 (103,540)

- Strong: 24-hour Low ($102,762.9) and EMA-200 (101,571.4).

Momentum

- A 0.44% increase with high volume indicates buying interest, but further confirmation is needed for a breakout above $105,000.

Trading Scenario

Bullish (Buy)

- **Trigger**: Break and close above $104,950 (24-hour High) with increased volume.

- **Target**: $107,000 (next resistance).

- **Stop Loss**: Below EMA-50 ($103,500).

Bearish (Sell/Cautious)

- **Trigger**: Rejection at $104,950 or breakdown below EMA-50.

- **Target**: $102,762 (24-hour Low) or EMA-200 ($101,571).

- **Stop Loss**: Above $105,000.

Recommendations

- **For Short-Term Traders**:

- Utilize the range $102,762 - $104,949 by buying at support and selling at resistance.

- Use tight stop loss (1-2% of entry).

- **For Long-Term Investors**:

- If the price approaches EMA-200 ($101,571), it could be an accumulation area for holding.

- **Risk Management**:

- Avoid FOMO. Wait for breakout or rejection confirmation before entering.

- Maximum capital allocation of 5% per trade.$BTC